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merchant codes based on the kinds of products and services
they primarily sell. Merchant codes are
not assigned by
Discover. Even though a merchant or some of the items it sells
may seem to fit with a rewards eligible category, the merchant
code may not fall into that category. Rewards eligibility is
determined based on the merchant code Discover receives in
connection with a debit card transaction.
We reserve the right to request receipts of your debit card
purchases within sixty (60) days of the purchase date and you
agree to provide such receipts upon request. Failure to provide
requested receipts will result in those debit card purchases
not being eligible for Cashback Bonus rewards.
Debit Card Cashback Bonus rewards will be earned monthly
and posted to your Debit Card Cashback Bonus account on
the Business Day following your statement end date. Your
Checking Account must be open when Bonus rewards
are posted.
You may not open more than one (1) Cashback Debit Account
per customer, including individual and joint accounts. For
customers who have more than one Debit Account, but no
more than five Cashback Debit Accounts, the limit will not
apply to the existing accounts but no additional Cashback
Debit Account will be opened.
(b) Redeem Rewards:
You may redeem your Debit Card Cashback Bonus on
DiscoverBank.com. You may redeem your Debit Card Cashback
Bonus in any available amount via:
• A credit to your Cashback Debit Card Account from which the
Bonus rewards were earned.
• A transfer to any of the following Discover Bank accounts:
Money Market, Cashback Debit, or Savings.
• A transfer to a Discover Credit Card Cashback Bonus account.
Once rewards have been transferred to a Discover Credit
Card Cashback Bonus account, they will be governed by the
Discover Card Cashback Bonus Terms and Conditions and
the rewards cannot be transferred back to the Debit Card
Cashback Bonus account; and/or
• Other Debit Card Cashback Bonus redemption options
advertised on DiscoverBank.com from time to time.
You may redeem your Debit Card Cashback Bonus if your Debit
Card Account is open and has a $0 or positive balance. For
full details about redemption methods and amounts for Debit
Card Cashback Bonus, visit DiscoverBank.com.
We offer an optional Auto Redemption to Savings Service. You
may only enroll in our Auto Redemption to Savings Service for
your Cashback Debit Account by visiting the Account Center.
The Auto Redemption to Savings Service allows you to link
an eligible Savings Account for the purposes of automatically
transferring your Debit Card Cashback Bonus on a monthly
basis to the eligible Savings Account. Until you have enrolled
in our Auto Redemption to Savings Service you will not have
the benefit of the automatic transfer.
(f) Expiration of Rewards:
Debit Card Cashback Bonus rewards do not expire, but if
your Checking Account is closed for any reason, Debit Card
Cashback Bonus rewards may be forfeited. If your debit card
or account number is lost or stolen, or we issue you a new
account number for any other reason, we will transfer your
Debit Card Cashback Bonus to your new Debit Card Cashback
Bonus account.
(g) Rewards Adjustments and Termination:
We may make adjustments to your Debit Card Cashback
Bonus based on your debit card activity. For example, we
will decrease the balance in your Debit Card Cashback
Bonus account to correspond with the return of a debit card
purchase or the amount of a reward disbursed by us in error.
Any qualifying debit card purchases in excess of $3000 each
month will be used to offset the amount of debit card returns,
prior to the corresponding debit card returns reward amount
being deducted from your current month’s Cashback Bonus
rewards earned or your current Cashback Bonus balance.
Adjustments to your Debit Card Cashback Bonus from debit
card transactions that are not reward eligible but for which
you received rewards or debit card purchase returns will be
applied to your Cashback Bonus balance in a subsequent
month and will be reflected in your Debit Card Cashback
Bonus ending balance. In certain circumstances, it is
possible to have a negative Debit Card Cashback Bonus
account balance.
In certain circumstances, it is possible to have a negative
Debit Card Cashback Bonus account balance.
Cashback Debit Accounts deemed to have an excessive or
unusual number of debit card return transactions may be:
(i) frozen, (ii) no longer eligible to participate in the Debit
Cashback Bonus rewards program or (iii) closed in accordance
with Section 24(a) of this Agreement.
(13) DEBIT CARDS
(a) Debit Card Transactions
You may use your Discover Cashback Debit Card or Discover
Money Market Debit Card (each a “Debit Card”), anywhere in
the United States, Canada, Mexico, and the Caribbean where
the PULSE
®
, Discover
®
, or Diners Club International
®
symbols
are
displayed, subject to transaction limitations set forth in
Section 11 (applicable to Money Market Accounts only) and
Section 13(d) and by the ATM owner or merchant, to initiate
the following transactions:
(i) Withdraw cash from your Checking Account or Money
Market Account at an ATM.
(ii) Obtain your Checking Account or Money Market
Account balance, or transfer funds between your
Checking Account or Money Market Account at our
Branch.
(iii) Pay for
purchases in person, online, or by phone.